Morning Notes – Wednesday August 5, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up to sideways day – watch for a break below 3309.00 for change of sentiments Key economic data due: ADP Non-Farm Employment Change ( 167K vs. 1200K est.; prev. 4314K) at 8:15 AM Trade Balance ( -50.7B vs. -50.3B est.; prev.…